The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-05-14

fouIcI. Among other Things tntf Iouuu
promising Indications OF iron ON a forty
owned by the above named company.
Mr.. Case wrote for o. option and re-
ceived the reply that the board Of direct
Ors knew of the existence OF iron ON that
piece OF land and had long before decided
10 explore il themselves. In few weeks
good Indications were found on another
forty owned by the same company and
an application for an option was again
sent in, only to be refused on the same
ground. Within week or SO later MIR.
Case picked out forty owned by the
acknowledgements Co., that was To-
Gated i'm the center OF tamarack swamp,
over every foot Of which there WAS from
one 10 two feet Of water He applied for
nm option and the reply was that the
company knew OF iron existing ON that
forty and had long before decided 90 ex-
plore il themselves" MIR. Case never
applied for another option ON their
lands.-AIiner and Manufacture.
Geo. NJ. Wakefield, OF Oshkosh, prom
inently identified with the mining interests
OF the Menominee Range, and owner of
much valuable land hereabouts, Is cred
tied with the following: Eve havenow
promised something over one hundred
and fifty options, and are giving more
from day 60 day. Work this season viii
be vigorously pushed all through the
northern part OF this state and in the
Iron River and Crystal Falls districts OF
Michigan. have just granted TO George
Il. Shaw * Co., of Eau Claire, options on
sections thirty and thirty-two, 47-f2,
and they have organized their company
to work the property with a diamond
drill, and have given il the name Of the
The Rattlesnake.' Two more options
ON section thirty-six, 47-43, are called
The Good Luck Other parties from
Chicago have also taken options ON sec
ton thirty-five HIP, and work will bc
prosecuted as soon as the weather will
permit | have not been ON the ground
myself, but learn that good ore has been
found ON two OF the options belonging To
what is known as the State Land Pool
ON section twenty-five, 47-i3. The work
ON the Holland, Arthur and Lincoln, and
ON what il known as the Pressure Isle
property, also the Summit, ON sections
twenty and twenty-one. 49-43, areall re-
ported as looking well. The townsite
called Tobin, that has Just been plated
ON sections twenty eight and twenty-nine
Of the same town and range, is In the
hands Of my son, V. r. Wakefield, who
writes me that lots are being sold very
rapidly, and that building will be com
menced ON many Of them as soon az the
ground will permit of haulingin the ncces-
sary material"
The lshpeIning correspondent Of the
st. Paul Globe estimates that the Me
nominee Range will ship ,1S0, 900 tons
OF ore this season. His estimate in de-
tail is as follows: Beta mine, 10000 T;
Calumet, 10000; Chaplin, 100000 I;
n n n
900 Curry, 5000; CyclOps, AZ, 900: Del
phic, 10000; Florence, 10000; Great
Western % 600; Hewitt, 10, 900 Hamil-
ton Ore Co, 10000; Ludington, 90, 600 T;
Mnstodon, $4,000; Metropolitan, b.
OOO Nanaimo, 10000: Norway, 125,-
O00 Northwestern, 20, 900; Paint River,
O,OOO; Perkins, 10000; Quinnesec. 20,
00O Sheldon & Shafer, 10000: Seldcn,
10000; Stephenson, 10000; East and
West Vulcan, $4,000; Youngstown,
30, 900; miscellaneous GO, 900; fatal / :
$50, 900 The estimate is greatly out az
the way i'm number of instances. The
Youngstown mine, which il put down at
10000 tons, has nearly 10000 tons in
stock at the present time The Youngs-
town will surely ship 65, 900 tons and il
Is probable that IL may even send out
$4,000 tons. The Paint River mine
which Is estimated at 10000 tons, will
better that by $1,000 tons. The sheldon
4 Shafer shipment wall distance 10000
tons by double that amount If not more.
The Mastodon mine put ut 5000, will
send out nearly SO, 900 tons. The Blaney
Kimbal and Dunn mines will be shippers
from this district before the season Is
over, and taken all i'm all the estimated
product OF l.lSO,OO0 Of the Menomineo
Range for 1887, looks rather small.
The iron ore market remains steady,
with more active inquiry than has been
the case for month, and dealers seem
10 be- quite contented with the situation.
The inactivity i'm the pig iron market,
with it's accompanying break in prices,
though not material Shas it's effect on ore
men. 60 some extent. even though they
are satisfied that their own position
IN the market II secure. The question
which now presents itself 20 them is, will
the available vessels be- able Go bring
down all the ore which, competent
authorities say, will foot up 4 800, 900
tons from the Gogebic, Menominee, Mar
quette and Ncrmillion ranges? Some az
them reason that the higher rites, which
the effects Of the Interstate commerce
act has brought about ON merchandise
by rail, will throw much more freight
into the hands 81 lake vessels and enable
them 60 make their own figures in their
own way. One large dealer is prophetic
enough 60 say that iron ore men will find
themselves i'm the same position at the
end of this season as at the end 81 the
last. viz that they have made contracts
to supply more ore than they will bc able
60 meet Some dealers expect vessels to
leave Escanaba by May 9Th or sth. We
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